Allegion
Allegion is a global leader in advanced biometric scanning devices and electronic safety solutions, with over 1,000 active patents and operations in 120 countries through more than 30 brands.
Company Overview
Allegion is a global company that offers advanced biometric scanning devices and electronic safety solutions. The company holds over 1,000 global active patents and operates with more than 30 brands worldwide. Employing over 12,000 people, Allegion has a significant presence with products sold in 120 countries. Their extensive portfolio includes locks, keys, electronic access systems, and other door hardware.
Products and Solutions
Allegion produces a wide range of security products such as locks, keys, levers, electronic access and monitoring systems, exits, openers, closers, and other door hardware. They specialize in security solutions for residential and commercial properties, including door closers, exit devices, steel doors, and frames. The company is also involved in the manufacture, installation, and servicing of automatic doors.
Global Presence
Allegion maintains a robust global footprint with manufacturing facilities in the USA, Mexico, Canada, Ireland, France, Netherlands, Germany, Italy, Poland, India, China, Australia, and New Zealand. The company also has over 15,000 channel partners and operates in more than 120 countries. In 2023, Allegion generated $3.7 billion in revenue.
Environmental, Social, and Governance (ESG) Commitments
Allegion is committed to environmental sustainability and social responsibility. They aim to achieve carbon-neutral emissions globally by 2050 and reduced their water usage by 12% year-over-year as of December 2022. Additionally, the company reduced greenhouse gas emissions intensity by 20% compared to the 2020 baseline year. Allegion has a total recordable incident rate (TRIR) of 0.40 as of 2022 and achieved 60% diversity across their board of directors.
Innovations and Investments
Allegion invests heavily in innovative technology and software through Allegion Ventures. Focus areas include building analytics, IoT and data security, the construction lifecycle, and property management. Allegion Ventures launched a $100 million Fund II to support these initiatives. The company also developed a Global Product Safety & Regulatory Recall Policy in June 2022 to ensure product safety and compliance.